Robinhood Expands: EU Crypto Entry & UK Brokerage Plans Unveiled
Robinhood, known for its user-friendly trading platform, is set to expand its services by launching cryptocurrency trading in the EU and establishing brokerage operations in the UK.
The company plans to start brokerage operations in the UK and then move on to introducing crypto trading in the EU after the UK launch.
Amidst new regulations prompting some crypto firms to stop serving UK customers, Robinhood disclosed a 55% decrease in third-quarter crypto-related revenue, which amounted to $23 million compared to the previous year’s corresponding quarter.
Earlier, in June, Robinhood suspended support for certain tokens involved in legal actions against major crypto exchanges.
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